v3.20.2
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues, net of allowances        
Total revenues, net of allowances $ 6,839,646 $ 4,754,340 $ 10,749,158 $ 9,776,811
Cost of Goods Sold        
Total cost of goods sold 4,282,629 3,577,418 6,670,372 7,422,175
Gross profit 2,557,017 1,176,922 4,078,786 2,354,636
Operating expenses:        
Selling, general and administrative expenses 4,313,015 2,528,461 8,816,839 5,258,003
Research and development 422,072 666,448 946,239 1,130,043
Total operating expenses 4,735,087 3,194,909 9,763,078 6,388,046
Loss from operations (2,178,070) (2,017,987) (5,684,292) (4,033,410)
Other income (expense)        
Interest expense (341,088) (86,275) (589,525) (168,538)
Change in fair value of warrant derivative 2,111,684 4,709,583
Total other income (expense) (341,088) 2,025,409 (589,525) 4,541,045
Net income (loss) (2,519,158) 7,422 (6,273,817) 507,635
Common stock deemed dividend (2,137,190)
Redemption of Series D Preferred Stock deemed dividend (1,295,294)
Net income (loss) attributable to common stockholders $ (2,519,158) $ 7,422 $ (7,569,111) $ (1,629,555)
Basic and diluted net loss per share attributed to common stockholders        
Basic net loss per common share $ (0.11) $ 0.00 $ (0.49) $ (1.06)
Basic weighted average common shares outstanding 22,209,152 1,904,270 15,440,558 1,538,834
Diluted net loss per common share $ (0.11) $ 0.00 $ (0.49) $ (1.05)
Diluted weighted average common shares outstanding 22,209,152 1,904,270 15,440,558 1,551,618
Metal Goods [Member]        
Revenues, net of allowances        
Total revenues, net of allowances $ 3,374,066 $ 2,274,978 $ 5,456,846 $ 3,916,250
Cost of Goods Sold        
Total cost of goods sold 2,291,948 1,680,762 3,652,461 2,974,433
Soft Goods [Member]        
Revenues, net of allowances        
Total revenues, net of allowances 3,465,580 2,479,362 5,292,312 5,860,561
Cost of Goods Sold        
Total cost of goods sold $ 1,990,681 $ 1,896,656 $ 3,017,911 $ 4,447,742

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